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20121112
20121120
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MSNBCW 18
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English 18
Search Results 0 to 17 of about 18 (some duplicates have been removed)
closing loopholes. that is a reputation of what john boehner suggested in the days since the president has been re-elected. >> that's totally right. a key point, the simpson-bowles tax idea is kind of a magic pony, right. everyone agrees in the ab instruct, we can bring down the rates, close loopholes and deductions and raise revenue. if that's such a wonderful idea how come it's only come up now. how come no one has done it. the reason is because it's really, really hard politically. once you get into the specifics. if you're trying to tie all the revenue to this abstract tax reform idea you're going to get into a position where the revenue is about never going to happen because once you get into reality it doesn't materialize. >> you have to do both, john. you have to do -- you have to raise the the rates and close loopholes to get the amount -- >> just raise the rates. >> you can't raise the rates high enough to produce $1.6 trillion. >> you can get $900 billion from expiring the bush tax cuts. >> and where do you get the other $700 billion from from. >> do a little reform and cut the r
they already agreed to that. i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we heard the mandate in 2010, where i
the president sat between house speaker john boehner and senate majority leader harry reid calling for cooperation and compromise. >> we've got to make sure that taxes don't go up on middle-class families, that our economy remains strong, that we're creating jobs, and that's an agenda that democrats and republicans and independents, people all across the country, share. so, our challenge is to make sure that, you know, we are able to cooperate together, work together. >> joining me now for more, congressional reporter for "the washington post" ed o'keefe and national journal correspondent nancy cook. good morning both of you. last time we saw those three together, sort of a kumbayah moment when you have reid and boehner and mcconnell together. did you get a sense, ed, putting revenue on the table meant republicans were open to tax hikes for those makes $250,000 or more? >> no, they're not. they still say they don't want to see that increase. by talking about revenues the idea is you close loopholes, find a way to perhaps limit deductions and create revenue that way. but you know, b
leadership, go to senate, deal over there and then come to boehner and box him in with a deal and present to it him. >> he also said that boehner may want that, too. boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today
would be willing to accept and double the amount that speaker boehner had offered the president during their debt negotiations last year. today the president is scheduled to meet with ceos from a dozen companies. there's some of them on your screen. general electric, ford, ibm all playing a part. they'll discuss ways to work together and try to find a balanced approach to reducing the deficit. during a closed-door meeting yesterday with union leaders and liberal supporters, president obama reportedly vowed that he would, quote, not budge when it comes to letting the bush tax cuts expire for the country's highest earners. labor leader and president of the afl-cio, richard trumka, was among those at the white house meeting. he said he and the president are on the same page. >> we're very, very committed to making sure that the middle class and workers don't end up paying the tab for a party that we didn't get to go to. the president led with that notion of protecting the middle class, and now you have republicans that have it in their power, they could sign a bill tomorrow that protects
for these negotiations, john boehner's position is he is open to revenue, but not if it includes increasing the top tax rate. he is only doing it through some mystery process of tax reform where you have a large amount of revenue, but still at 35% of the top tax rate or if boehner has his druthers, have a lower tax rate, maybe 28% as in simpson-bowles. the white house doesn't think the math will work out. they believe even when it can, you have to do such radical things like eliminating charitable deduction at the top brackets entirely, it wouldn't be worth doing if you could. their view, it is not a compromise to say in a future tax reform process you're going to get that money, they're not going to sign anything that doesn't include the top tax rate going up at the end of december. >> justin, you were in the room with the president today. can you confirm that quote that the huffington post has, i am not going to budge, i said in 2010 i'm going to do this once and i meant it? >> i actually don't remember if those are his exact words, and also the president asked us to keep the contents of that meeting
of that party up there. >>> next, john boehner was re-elected yesterday for a second term as speaker of the house but georgia congressman louis go mert, a charter member of the birther crowd had a different candidate in mind. who do you think he nominated? newt gingrich for speaker right now. you don't technically actually have to be a house member to be speaker of the house, but it's been the rule historically. by the way, boehner's word to go mert after the word, louie, i love you, too. after the election, we heard certain ceos were threatening to fire employees if president obama wob the election. some are going through with it. bobt murray, ceo of the coal company laid off 156 employees the day after the election. john schneider ceo the papa john's pizza says he will be cutting employee hours to avoid costs associated with obama care. finally, john met, ceo of several denny's franchises says he will add a 5% surcharge to customers' bills to offset the cost of obama care. you don't want to pay extra, he said tip the server less to offset the cost. what a sweetheart. >>> up next, n
for that and don't want it and, two, can john boehner rally a republicans who doesn't want to raise taxes? to that end it's unbelievable. the election was only 13 days ago. >> i know. >> there's been a lot of piling on mitt romney in those 13 days. i want to play something tea party republican senator had to say. this was at the federalist society about the election. let's play it. >> inevitably there are these mandarins in politics who give the voice don't show any contrast. don't rock the boat. so by the third debate, i'm pretty certain mitt romney actually french kissed barack obama. >> okay, let's put aside that image. >> yes. >> this suggests that, you know, these are the manndarins of politics, don't show any contrast, don't rock the boat,s so you have the ted cruzs of the world coming in and the boehners saying we node to caught deal on this, reform on immigration, talk about gay marriage. we need a reformation within the party. is that what the base of the party wants? and if they don't want that, if ted cruz is the voice for that party, how do you get there? >> well, the base doe
speaker john boehner was easily re-elected to the post on wednesday with the exception of one vote, texas congressman nominated former speaker newt gingrich. it would have been perfectly legal but no one seconded the nomination. his fellow texan congressman ron paul gave part one of the farewell speech as he prepares to retire at year's end. >> sadly, many religious groups, secular organizations and psychopathic authoritarians endorse government initiated force to change the world. >> national journal reports wisconsin congressman and former vp hopeful paul ryan will remain house budget committee chairman after being granted a gop waiver to avoid being term limited out of that spot. >>> senate majority leader harry reid lashed out at massachusetts senator scott brown mocking brown's calls for bipartisanship as a joke, describing brown as one of the most partisan senators ever to serve. >>> we now know which political office may be sought by another member of the bush family, george p. bush. his father, former florida governor jeb bush, confirms in a letter to potential donors that his son
party should take president obama up on his offer. you have speaker boehner saying, let's get compromise. this is the time to bring that debt down. we seriously have to do it. i don't think anyone disputes that, but it has to be a mix of spending cuts and the revenue. and the one figure that i'd like to add here is how much revenue we get by just going back to the clinton levels at $250,000 and above. that's $700 billion in tenures. that's what draws people to that number when you add that in and then close some loopholes and subsidies and do the budget cuts, we have already done a trillion. you can get to the $4 trillion that most economists say would at least lead us to the path to reduce debt over ten years. >> because it is so much money and because it would be so relatively painless for people who have income above $250,000 to see that change go back, because bill crystal is saying this now, because the president is clear that's what he's running on, it feels that's clear that's within the realm of the possible. but what else didn't previously peel like it was in the realm of possib
can pass the alternative. but it's your problem to get the votes. and boehner would be well put not to try to cut a deal with obama but instead to say paul ryan's going to bring a solution to the fix, we're going to gather votes for it. i guarantee you, you'll get the right to have a democratic substitute. and if you can get enough republicans to vote for it, terrific. but they do not have an obligation to concede that the only mandate in washington is the president's. >> you're talking about chains hiring people for 29 hours. i'm hearing that from small business owners across pensacola. >> yeah. >> my own district. on election night i got three different e-mails from small business owners going it's sad -- and i said this on the air a couple days ago. they said i'm going to have to put these people on for less than 30 hours and i'm going to lose my best people. i can choose to do that or fire six, seven people because my margins are so small i'm fighting to keep my business open. >> you track the number of layoffs and closures in the first week since the election, it's sobering
Search Results 0 to 17 of about 18 (some duplicates have been removed)